Arid weather trims corn and soybean outlook
With drought expanding in the Midwest, the corn and soybean crops are in notably worse condition than a week ago, said the USDA Crop Progress report on Monday. The portion of the corn crop rated as good or excellent tumbled by 14 percentage points in Iowa and good/excellent ratings for soybeans plunged by 11 points in Illinois.
Iowa is the No. 1 corn state and Illinois is the national leader in soybeans. Last year, they combined to harvest 31% of the U.S. corn crop and 27% of the soybean crop. In the week ending on Sunday, 63% of the corn crop in Iowa rated as good or excellent, down from 77% a week earlier. In Illinois, 63% of soybeans were good/excellent, down from 74% the previous week.
Overall, 68% of the U.S. corn crop and 62% of the soybean crop was listed as good or excellent. A week earlier, 72% of the corn crop and 67% of soybeans were in the top two categories.
Weather in mid- and late summer usually is the determining factor in crop size, but dryness in the early months can have a lingering effect.
Nearly 57% of Iowa, mostly in the northern half of the state, was in drought, a 20-point increase in one week, said the Drought Monitor. Drought in the northeastern corner of Illinois expanded to cover 8.5% of the state. Aside from a few areas, there was “very little rain at all in the upper Midwest” in the week ending on June 8.